CREAM – Prospects for the Future

Target Countries and Prospects of the CREAM System

In the pursuit of establishing quality standards and certification processes for food, the CREAM system has evolved to offer a unified measure.

Hungary: Not the Right Fit for Now

Initial considerations were given to Hungary as a potential country for the application of the CREAM system. However, various factors, such as the current economic policies and diplomatic strategies, have led to a conclusion that Hungary may not be a suitable candidate for CREAM accreditation at this time.

Uzbekistan: The Central Asian Beacon

Our exploration shifted towards global opportunities, leading us to Central Asia and primarily to Uzbekistan. Here’s why:

  1. Strategic Positioning: Located in the heart of Central Asia, Uzbekistan stands as the region’s economic beacon. Its ever-growing economy is complemented by its diplomatic ties with global powerhouses like the EU, USA, and China, while simultaneously maintaining a commendable level of independence from Russia.
  2. Banking Opportunities: OTP bank Nyrt’s acquisition of IPOTEKA, the fourth-largest bank in Uzbekistan, propels the potential of the CREAM system, particularly in the realm of farmer integration. This development promises a plethora of customers and banking prospects.
  3. Agricultural Focus: Uzbekistan emphasizes its agricultural and food industry sectors. The leadership, steered by the President’s office, aspires to amplify Uzbek product exports to the EU and draw substantial investments.
  4. EU Support: The Multiannual Indicative Program (MIP 2021-2027) between the EU and Uzbekistan underpins the goal of food security in Uzbekistan, supported with a whopping EUR 30 million.
  5. Endorsement by the Turkic Council: The introduction of the CREAM system is vouched for by the economic leadership of the Turkic Council, making Uzbekistan the primary candidate for its inauguration in 2024.

Investment and Technological Progress

To facilitate the potential implementation of the CREAM system, the Central European Gastro Platform NZrt (CEGP) rolled out 800 “B” shares in 2022. Except for 280 shares, the rest were acquired by supporters. This capital influx aided in refining the sales prospects of the CREAM system. CEGP’s operational costs for 2023, which is dedicated to readying the CREAM system for its Uzbekistan debut, is intended to be covered by the sales of the remaining shares.

Moreover, an investor’s membership loan, aligning with the purchase of the 280 shares, is anticipated to cater to the establishment and operational expenses of CA-FMCo LLC for 2023. This entity, the Central Asian Fund Manager Corporation LLC (CA-FMCo LLC), is envisioned to be the core financial investor behind CREAM’s application in Uzbekistan.

Repayment avenues for these investments are numerous, including the launch of the CREAM system in Uzbekistan, share acquisitions in CREAM Holding Ltd, potential revenue from the sale of the black marble mine owned by CREAM Holding Ltd, and the management fee of CA-FMCo. Contracts embodying these investments have been formalized between involved parties.

Understanding the Essence of Measurement in CREAM

At the core of the CREAM system lies the principle of measurement. Measurement, intrinsically, is an empirical method that offers insights into natural phenomena. When it comes to quantifying quality, using a standardized measure becomes indispensable.

Selecting the right device for measurement is a paramount step. Calibration ensures the tool’s accuracy. Reproducibility of measurement and the chosen unit stands as a prerequisite for valid results.

Historically, laws around measurement have been crafted to counteract deceit. But as science advanced, these laws were refined and upheld through international conventions. In essence, the foundation of the CREAM system is a scientific approach, ensuring its credibility and accuracy in certifying quality.

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